Market Chatter: Hong Kong Developers to Resume Project Rollouts Following US Elections

MT Newswires Live11-08

Land developers such as Wang On Properties (HKG:1243), Sun Hung Kai Properties (HKG:0016), and Henderson Land (HKG:0012) resumed project launches following the US elections, The Standard reported Thursday.

Wang On will launch a price list as early as the week of Nov. 10 for its 101 Kings Road project in North Point. The project will offer units with one to three bedrooms, according to the report.

Sun Hung Kai and Wheelock rolled out 75 units at the 233 Prince Edward Road West project, focusing on three-bedroom apartments, The Standard said.

Wheelock Properties and Henderson Land will launch five 324-square-foot units on Saturday for up to HK$5.5 million after discounts, the report said.

Sun Hung Kai said the return of former US President Donald Trump to the White House will not spell volatility in the property sector, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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